cpn
Level 2

Because the code on form RRB-1099-R is 1, proseries is putting the early withdraw penalty of 10%.  The client is 65 years old.

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Just-Lisa-Now-
Level 15
Level 15

Where do you see a code on a RRB1099R?  Im looking at 2 different clients RRB1099R forms and I don't see any distribution code like a regular 1099R.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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cpn
Level 2
the code is at the left top where the soc sec # is. It's the last number following the soc sec. it says code at top.
Just-Lisa-Now-
Level 15
Level 15
hmmmm….I'll have to look again when I'm in the office, I've always just marked them as Normal distribution.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15
I only have 2 clients that get these from their ex or deceased husbands...I've never noticed the Payee code up by the Claim number, one has a 4 the other has a 1, both of these women are in their 70's, Ive always marked them as a Normal Distribution.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Larry Z
Level 3

Hi Lisa. My First RRB 1099. There is a payee code Next to claim # which is a 1. That doesn't make sense. 7 makes sense like you suggested but can you enter a 7 without it showing on form? 

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